Post #283

⚖️Company = Country? [ Minerals In Numbers ] Comparing the market value of resource giants operating in Africa with the national GDP of some countries,one may feel terrified. ➡️ For instance take ExxonMobil, which holds oil and gas concessions in Angola, Nigeria, and Mozambique. Its estimated value is enormous — about $490 billion. For comparison, Ghana’s annual GDP is around 80 billion dollars, which means that 6 years of hard work by the entire population of Ghana is valued at less than a single American oil company. ➡️ If we look only at solid minerals, the biggest foreigner is Rio Tinto, which mines resources from Guinea to Madagascar. In contrast to the made-of-money ExxobMobile, it is worth only about $120 billion — roughly the same amount produced in a year by all 56 million people living in Kenya. In light of all this, I propose we sell ExxonMobil and give the whole of Ghana a six-year paid vacation. 🤔 #MineralsInNumbers Devils Below